Browse Episodes

Pitchfork Economics Teaser

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.

Why do we call it pitchfork economics?

In 2014, venture capitalist Nick Hanauer warned his fellow plutocrats that our growing crisis of economic inequality would lead to an uprising or a dictatorship. Two years later, angry voters elected Donald Trump. In this inaugural episode of Pitchfork Economics, we explore why the pitchforks are coming, who they’re coming for, and how the stories we tell about the economy can change the economy itself.

The Pitchforks Are Coming… For Us Plutocrats:

Twitter: @nickhanauer 
Facebook: @CivicSkunkWorks @NickHanauer
Medium: https://civicskunk.works/

Ganesh Sitaraman: Professor of Law at Vanderbilt Law School and Senior Fellow at the Center for American Progress. Co-founder and Director of Policy for the Great Democracy Initiative. Policy Director to Elizabeth Warren, 2011-2013. Author of The Crisis of the Middle Class Constitution: Law in the Age of Small Wars, named one of the New York Times’ 100 notable books of 2017.

Twitter: @ganeshsitaraman 

Walter Scheidel: Historian at Stanford. The most frequently cited active-duty Roman historian adjusted for age in the Western Hemisphere, Scheidel is the author or (co-)editor of 20 books, including The Great Leveler: Violence and the History of Inequality.

Twitter: @walterscheidel

Is Econ 101 a lie?

What is “Econ 101,” and why do economists always get things wrong? In this episode we dismantle orthodox economics, exploring where it comes from, why it’s wrong, and how “It’s Econ 101!” became a cynical rallying cry in defense of the status quo. Guests Eric Beinhocker (The Origin of Wealth) and James Kwak (Economism) explain that, far from a science, Econ 101 is really just a story we tell ourselves to justify who gets what and why. And it’s time to tell a different story.

Eric Beinhocker: Professor of Public Policy at the Blavatnik School of Government, University of Oxford. Executive Director of the Institute for New Economic Thinking at the Oxford Martin School. Author of The Origin of Wealth.

Twitter: @ericbeinhocker

James Kwak: Professor of Law at the Connecticut School of Law. Co-founder of the economics blog “The Baseline Scenario”, a commentary on developments in the global economy, law, and public policy. Author of Economism: Bad Economics and the Rise of Inequality. Columnist for The Atlantic.

Twitter: @jamesykwak

Further reading: https://www.theatlantic.com/business/archive/2017/01/economism-and-the-minimum-wage/513155/

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.